Month: April 2015

What is Lapping? Lapping is an asset misappropriations fraud scheme and is one of the most common methods of concealing receivables skimming. Lapping is the fraudster’s version of “robbing Peter to pay Paul”. It is the extraction of money from one account to cover shortages in another account. For example, customer A’s payment comes in and… Read More »

According to the Association of Certified Fraud Examiners, payroll fraud occurs nearly twice as often in small organizations with less than 100 employees than in large companies and the average instance of payroll fraud lasts about 36 months. Common payroll fraud schemes include: Ghost employees – a person not employed by the company who is… Read More »